Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Again, another uninformed comment. Pari-mutuel wagering pays out the exact same amount no matter which horse wins. The odds are based on how much percentage of the total pool is wagered on each horse. The more wagered, the less paid. The less wagered, the more paid.
For example, a win pool of $1,000,000
Track takes about 15% leaving $850,000 in the pool.
Horse A has 425,000 wagered on him, making him 1-1 or Even Money
Horse B has $100,000 wagered on him making him roughly 7-1
Horse C has $10,000 wagered on him, making him roughly 70-1
No matter which horse wins, the same amount is paid out.
If Horse A wins, there are $425,000 in winning tickets, which will collect the $425,000 wagered, plus the remaining $425,000 in the pool, ie 1-1. A $10 wager would collect $20.
If Horse B wins, there are $100,000 in winning tickets, which will collect the $100,000 wagered, plus the remaining $750,000 in the pool, so a $10 wager would collect about $84.
If Horse c wins, there are $10,000 in winning tickets, which will collect the $10,000 wagered, plus the remaining $840,000 in the pool, so a $10 wager would collect about $840.
Mea culpa...the pari-mutuels did not lose, but other betting resources did:
I don't really think you understand the mathematics of the game. The article talks about bettors that wagered on Maximum Security losing their wagers after he was DQ'd, which amounted to around $9 million dollars in the various pools. Sure the bettors that backed Maximum Security lost their money just like bettors that backed other non placing runners. Nothing new there.
According to the article there wasn't much wagered in future books or fixed odds on Country House, so it didn't cost the bookmakers much at all.
At the SuperBook at Westgate Las Vegas, the reversal caused a mid-five-figure swing against the house in its Kentucky Derby futures odds market, which is separate from the national pari-mutuel pool.
Only 1 percent of bets and 1 percent of the total amount wagered on the Kentucky Derby futures market at William Hill sportsbooks in Nevada were on Country House. Country House's odds were as long as 80-1 in February at William Hill.
The industry is going to lose tens of millions now. With the real derby winner and fake derby winner out of the remaining triple crown races, interest, TV ratings, wagering and ticket sales will be down by upwards of 50%!! All thanks to blundering Barbara Borden!
The folks you're trying in vain to educate all need to watch the video that Casey posted in the other thread. There they will see the real origin of the problem - horse #1's encroachment into #7's space and possible contact.
They wonder why Tyler Gaffalione did not object! He and #1 World of Will is clearly guilty of TWO FOULS here! He clearly guided his charge to the side and interfered and intimidated the horses to his right - not by spooking by accident but a purposeful FOUL. Then he ran up on the heals of Max Security, yet more contact initiated - but no foul. Too bad BUMBLING BARBARA Borden missed it all! Maybe with more training at third tier Ellis Park she can get it right next year.
They wonder why Tyler Gaffalione did not object! He and #1 World of Will is clearly guilty of TWO FOULS here! He clearly guided his charge to the side and interfered and intimidated the horses to his right - not by spooking by accident but a purposeful FOUL. Then he ran up on the heals of Max Security, yet more contact initiated - but no foul. Too bad BUMBLING BARBARA Borden missed it all! Maybe with more training at third tier Ellis Park she can get it right next year.
Yep....it was all about #1's encroachment and other horses reacting to it. So yeah, Gaffalione was going to object about like the bank robber is going to call the police about the bank he just robbed.
However, despite all that it wasn't anything that hasn't happened in half the Derbys ever run. A terrible call viewed from any perspective that will do lasting damage to racing.
Yep....it was all about #1's encroachment and other horses reacting to it. So yeah, Gaffalione was going to object about like the bank robber is going to call the police about the bank he just robbed.
However, despite all that it wasn't anything that hasn't happened in half the Derbys ever run. A terrible call viewed from any per Perspective that will do lasting damage to racing.
As bad as Backwater Barbara blundered, the mass acceptance by those that watched the race may be even more troubling. It's like a sequence from the film idiocracy. The cognitive ability handicapped masses should all be sat down and forced to watch 30 Kentucky Derbies in slow motion, head-on to log the numerous incidents that occur just like this in every previous race to give this historic blunder context.
As bad as Backwater Barbara blundered, the mass acceptance by those that watched the race may be even more troubling. It's like a sequence from the film idiocracy. The cognitive ability handicapped masses should all be sat down and forced to watch 30 Kentucky Derbies in slow motion, head-on to log the numerous incidents that occur just like this in every previous race to give this historic blunder context.
We're on the same page, but now I have a trivia question about your post where you quoted mine. Look at the text in my post and compare it to the quote of same in yours. Where did the extra "per" before perspective come from and why is perspective capitalized?
We're on the same page, but now I have a trivia question about your post where you quoted mine. Look at the text in my post and compare it to the quote of same in yours. Where did the extra "per" before perspective come from and why is perspective capitalized?
It's all part and parcel of this idocracy we are suffering in.
I dont get why the lead horse has to watch out for those horses behind him,wouldnt it be incumbent on trailing horses to make their own paths in nthe race and not trip over the lead horse? looking at film footage i noticed the lead jockey never looked back once to assess his trailing competitors . IMO MS got ripped off.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
